Maldives Opens Bidding for Massive 15-Island Resort Development Project

The Ministry of Tourism and Civil Aviation has launched a landmark bidding process for the development of resort projects across 15 islands and lagoons. This initiative represents one of the largest releases of tourism land in recent history, aiming to significantly expand the nation's hospitality capacity. Among the most notable offerings are three sites specifically earmarked for halal-friendly tourism. These include a 200-hectare lagoon at Makunudhoo in Haa Dhaalu Atoll, an 8.18-hectare plot in Fonagaadhoo in Laamu Atoll, and a 10.23-hectare area in Dhonherai in Seenu Atoll. Developers at these sites must provide at least 100 to 150 beds and adhere to strict Islamic principles, which include the prohibition of pork and alcohol, certified halal dining, gender-segregated wellness facilities, and the construction of two mosques. The majority of the release consists of ten lagoons located within the northern atolls. Sites in Maadhuni (Haa Alifu Atoll), Makunudhoo-Maafaru (Haa Dhaalu Atoll), and Gonaa (Shaviyani Atoll) each feature lagoons spanning 200 hectares, with a minimum requirement of 150 beds. Lease acquisition costs for these specific lagoons range between USD 1.5 million and USD 2.1 million. Additionally, two individual islands are available for bidding: Nalandhoo in Shaviyani Atoll and Farumuli in Noonu Atoll. The Nalandhoo project requires developers to demonstrate a financial capacity of USD 10 million and provide 200 beds. The Farumuli lease is priced at USD 2.25 million for a minimum of 150 beds. To stimulate investment, the government is offering significant fiscal incentives. General resort projects will receive a 15 percent concession on import duties, while halal tourism developments will benefit from a higher 20 percent reduction. Successful bidders will have 36 months to complete construction, after which the properties will enter a uniform 50-year lease term. Land reclamation is permitted across all 15 sites. Interested parties may submit bids from 17 to 23 November. To assist prospective investors, the government has scheduled a series of online pre-bid meetings throughout September and October.